Mid Day Market Commentary

After opening on positive note, market was trading with handsome gains on back of buying interest seen across the index pivotals. Overall market breadth was positive as 1549 stocks advanced and 953 stocks declined on BSE index. Auto, Banking, IT, Metal and capital goods stocks were witnessing buying activities.

At 12.50 pm, BSE sensex was at 14,617.48 up by 139.28 points and Nifty was at 4224.15 up by 28.25 points. BSE Mid cap was up by 46.71 points to trade at 6229.06 and BSE small cap was up by 86.29 points to trade at 7749.04.

BSE auto index was advancing 95.86 points at 5820 as Bajaj auto (6.42%), Hero Honda (2.2%), M&M (0.73%) and Tata motors (0.21%) were trading up.

BSE Banks index was edging up 110.22 points at 7536.82 as ICICI Bank (1.86%), SBI (0.14%) and PNB (0.09%) advancing.

BSE capital goods index was gaining 127.75 points at 10,086.33 as L&T (1.88%), ABB (0.49%), and siemens (0.73%) were trading up.

BSE Health index was trading at 3910.60 up by 31.42 points as Cipla (1.58%), Ranbaxy Labs (1.20%), and Sun pharma (0.23%) were rising.

BSE IT index was up 59.16 points to trade at 5464.85 as Infosys (1.63%) HCL Tech (1.96%), and Wipro (0.98%) trading in green.

BSE metals index was adding 94.09 points at 9377.86 as SAIL (1.13%), Hindalco (2.60%) and NALCO (0.51%) were up.

BSE FMCG index was trading flat as ITC (0.54%) and Dabur (1.14%) were trading up while HLL down.

In Telecom pack: Reliance comm (0.42%), VSNL (2.55%) and Bharti Airtel (0.83%), MTNL (1.61%) were trading up.

BSE Oil & gas index was trading flat as HPCL (0.44%), BPCL (1.30%) and ONGC (0.29%) were down while Reliance (0.54%) was up.